BSE Sensex and Nifty 50 have been probably to see a positive opening on Thursday, a day of weekly alternatives expiry. Nifty futures surged larger in trade, increasing 27.50 points or .18 per cent to 15,723 on Singaporean Exchange. F&O expiry, RIL AGM, along with COVID-19 vaccination pace, crude oil rates, rupee movement against US dollar and other worldwide cues will set the tone for domestic markets today. Chartists think that the brief term trend of Nifty 50 is weak with variety bound action. “The overall market breadth and broad market indices are showing resilience compared to benchmark Nifty. The present weakness is expected to be over in the next 1-2 sessions and the market could bounce up again from the lows. Immediate support is placed at 15600 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, stated.
New shares listings: Shyam Metalics and Energy, and Sona BLW Precision Forgings (Sona Comstar) will make stock market place debut on June 24. Analysts count on Shyam Metalics to open with robust listing gains as its IPO gained robust response from the investors. While Sona Comstar might see moderate gains more than the IPO value.
Buy these two stocks for close to term gains when Nifty faces resistance at 15,900
RIL, Shyam Metalics, Sona BLW, Infosys, Jaypee Infratech, ONGC, PNB, Piramal Enterprises stocks in focus
Share Market LIVE: SGX Nifty sits in green Sona Comstar, Shyam Metlics listing today, RIL to hold 44th AGM
RIL 44th AGM: RIL will hold its 44th AGM practically at later in the day. Mukesh Ambani-led oil-to-telecom conglomerate stated it will send its annual report FY21, notice of the AGM and the standalone and consolidated audited economic statements for FY21, along with the Board’s report, auditors’ report and other documents in electronic mode to the members of the firm. Company is probably to announce plans for the oil-to-chemical (O2C) telecom, digital and retail verticals.
Global watch: Asian stock markets have been seen struggling in early trade on Thursday. Japan’s Nikkei 225 was trading flat when the Topix index slipped .11 per cent. China’s Shanghai composite fell .28 per cent when the Shenzhen element was down .34 per cent. In overnight trade on Wall Street, Down Jones ended in red when S&P 500 and Nasdaq settled in the green. The Dow Jones Industrial Average was down .03 per cent, the S&P 500 was up .03 per cent, and the Nasdaq Composite gained .11 per cent.
Call, Place OI: Maxim get in touch with open interest was seen at 15,800 strike with 1.09 lakh contracts, followed by 15,900 strike with 87,205 contracts. Maximum place OI was at 15,500 strike with 71,470 contracts, and then at 15,600 strike with 62,875 contracts.
FIIs net purchasers in Indian stock market place: On Wednesday, foreign institutional investors (FIIs) lapped up shares worth Rs 3,156.53 crore, when domestic institutional investors (DIIs) purchased shares to the tune of Rs 1,317.20 crore on a net basis in the Indian share market place.